A point about socialism v capitalism that isn’t made nearly enough by capitalists
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  A point about socialism v capitalism that isn’t made nearly enough by capitalists
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Author Topic: A point about socialism v capitalism that isn’t made nearly enough by capitalists  (Read 556 times)
Matty
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« on: May 31, 2021, 03:57:06 PM »
« edited: May 31, 2021, 04:26:57 PM by Matty »

Under a capitalist system, anyone or any group that wishes to practice socialism can do so. Communes, co-op businesses, 100% profit sharing enterprises can all be created by voluntary associations of people who are disgusted with the notion of profit.

On the other hand, you cannot have a capitalist business model under socialism.

To put it another way, capitalism is a misnomer.

When we refer to “capitalism”, we are actually referring to an economic system free from force. “Capitalist” modes of production become the prevalent model because it ends up being more efficient than enterprises run as co-ops, but any economic organization is allowed under capitalism, as long as its voluntary


“Capitalism” as we commonly understand it includes both capitalist enterprises AND all other voluntary economic associations.

In cities like Madison, Wisc and Austin  there are tons of co-op stores
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Benjamin Frank
Frank
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« Reply #1 on: June 02, 2021, 06:18:08 PM »
« Edited: June 02, 2021, 06:21:09 PM by Frank »

Under a capitalist system, anyone or any group that wishes to practice socialism can do so. Communes, co-op businesses, 100% profit sharing enterprises can all be created by voluntary associations of people who are disgusted with the notion of profit.

On the other hand, you cannot have a capitalist business model under socialism.

To put it another way, capitalism is a misnomer.

When we refer to “capitalism”, we are actually referring to an economic system free from force. “Capitalist” modes of production become the prevalent model because it ends up being more efficient than enterprises run as co-ops, but any economic organization is allowed under capitalism, as long as its voluntary


“Capitalism” as we commonly understand it includes both capitalist enterprises AND all other voluntary economic associations.

In cities like Madison, Wisc and Austin  there are tons of co-op stores

Yes, this has been mentioned whenever people bring up democratic socialism (worker owned cooperatives), that it's simply capitalism with a different ownership structure.

However, it's not quite accurate that it's as easy to start up a worker coop as it is a private business as cooperative and banking laws/regulations make it harder for worker coops to get financing.

https://medium.com/fifty-by-fifty/are-cooperatives-really-so-difficult-to-finance-3adec81c70a8

Socialist economics professor Richard Wolff discusses this as well:
https://youtu.be/a1WUKahMm1s?t=5153
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TheDeadFlagBlues
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« Reply #2 on: June 02, 2021, 07:16:20 PM »

wow makes u think bro
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PSOL
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« Reply #3 on: June 02, 2021, 07:39:01 PM »

The answer is that this sort of thinking is discredited Utopianism similar to living in a commune.
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